Penny Cassidy has decided to start her business, Penny's Pool Service & Supply, Inc. (PPSS). There is much to do when starting a new business. Here are some transactions that have occurred in the business in March. a. Received $ 25,000 cash and a large delivery van with a value of $ 36,000 from Penny, who was given 4,000 shares of $ 0.05 par value common stock in exchange. b. Purchased land with a small office and warehouse by paying $ 10,000 cash and signing a 10 -year mortgage note payable to the local bank for $ 80,000 . The land has a value of $ 18,000 and the building's value is $ 72,000 . Use separate accounts for land and buildings. c. Purchased a new computer from Dell for $ 2,500 cash and office furniture for $ 4,000 , signing a short-term note payable in six months. d. Hired a receptionist for the office at a salary of $ 1,500 per month, starting in April. e. Paid $ 1,000 on the note payable to the bank at the end of March (ignore interest). f. Purchased short-term investments in the stock of other companies for $ 5,000 cash. g. Ordered $ 10,000 in inventory from Pool Corporation, Inc., a pool supply wholesaler, to be received in April.

(c) Prepare a trial balance on March 31 to check that debits equal credits after the transactions are posted to the T-accounts.

Answers

Answer 1

The transactions for March involved receiving cash and a delivery van, purchasing land and buildings, acquiring a computer and office furniture, hiring a receptionist, making a payment on a note payable, purchasing short-term investments, and ordering inventory. The trial balance confirms that the debits equal the credits, providing a snapshot of the financial position of Penny's Pool Service & Supply, Inc. as of March 31.

To prepare a trial balance on March 31, we need to list all the accounts and their corresponding balances. Based on the transactions provided, the trial balance would look as follows:

Penny's Pool Service & Supply, Inc. (PPSS)

Trial Balance

March 31, XXXX

Account Debit ($) Credit ($)

Cash 21,500

Delivery Van 36,000

Common Stock 200

Land 10,000

Building 72,000

Mortgage Note Payable 80,000

Computer 2,500

Office Furniture 4,000

Notes Payable

Accounts Payable

Salary Payable

Note Payable 1,000

Short-Term Investments 5,000

Inventory

Sales Revenue

Rent Expense

Utilities Expense

Salary Expense

Office Supplies Expense

Total 38,200 38,200

The trial balance shows the balances of each account at the end of March. Debits and credits are separated into their respective columns, and the total debits and credits should be equal to ensure the accounting equation (Assets = Liabilities + Equity) is in balance.

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Related Questions

North Springs and South Springs are two firms that serve the local market for bottled water. Each firm must choose to either maintain or increase its current output. The first entry in each cell in the payoff matrix below shows the profits for North Springs, and the second entry in each cell shows the profits for South Springs. South Springs Maintain Output Increase Output $15, $30 $15, 545 North Springs Maintain Output Increase Output $30, $26 $27, $28 If the two firms do not cooperate, which of the following represents the payoff North Springs and South Springs receive in the dominant-strategy equilibrium and the Nash equilibrium? Dominant Strategy Nash Equilibrium (A) None ($27, $28) (B) ($27, $28) ($15. $45) (C) ($30, $26) ($15, $45) (D) ($27, $28) ($27, $28) (E) ($30, $26) ($27, $28)

Answers

If the two firms do not cooperate, ($27, $28) ($27, $28) represents the payoff North Springs and South Springs receive in the dominant-strategy equilibrium and the Nash equilibrium. The correct option is (D).

A dominant-strategy equilibrium is when each firm chooses its best strategy regardless of what the other firm does. In this case, both firms have a dominant strategy to increase output, as it gives them higher profits regardless of what the other firm does. This results in a payoff of ($27, $28).

A Nash equilibrium is when each firm chooses its best strategy given what the other firm does. In this case, the Nash equilibrium is also when both firms increase output, as it is the best response for each firm given the other firm's choice to increase output. This also results in a payoff of ($27, $28).

Therefore, the correct answer is (D) ($27, $28) ($27, $28), as both the dominant-strategy equilibrium and the Nash equilibrium result in the same payoff for both firms.

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can someone help with my accounting paper?​

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sure.. where is it? can u show?

Which of the following is used to make the size estimation when developing the schedule? : O LOC information from the successfully completed similar past projects O LOC information from the existing project Number of transactional functions of the target application

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The option used to make size estimation when developing the schedule is: "LOC information from the successfully completed similar past projects."

Size estimation plays a crucial role in developing an accurate schedule for a project. In this context, using the "LOC (Lines of Code) information from the successfully completed similar past projects" is a common approach. By leveraging historical data from similar projects that have been successfully completed, the organization can analyze the number of lines of code required and use it as a basis for estimating the size of the current project. This approach assumes that projects with similar characteristics and functionality will have comparable levels of effort and time required for completion. By considering the past project's LOC information, project managers can make informed decisions and create more realistic schedules for the development process.

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Even though the united states has an unemployment compensation program that provides income for those out of work, should we still worry about unemployment?

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Yes, as the unemployment compensation scheme only provides the unemployed with enough money to meet their basic necessities.

Payments provided to unemployed persons by authorised authorities are known as unemployment benefits, sometimes known as unemployment insurance, unemployment payment, unemployment compensation. Benefits are paid for in the US through a mandatory government insurance programme, not through individual citizen taxes. Those amounts may be little, merely covering the most basic requirements, or they could make up for the lost time proportionate to the prior earned wage, depending on the jurisdiction and the individual.

Only individuals who register as becoming unemployed due to no fault of their own are often eligible for unemployment benefits, and frequently only on the condition that they actively seek employment.

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If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.​

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Answer:

A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.

Explanation:

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Which of the following retirement vehicles provide income tax-advantages? (check all that apply)
A. 403(b)
B. Mutual Fund
C. 401(k)
D. Roth IRA
E. IRA​

Answers

The 403(b) and 401(k) are the the retirement vehicles that provide income tax-advantages.

What is an income tax-advantages?

These advantage means the item one can subtract from your taxable income to lower the amount of taxes you owe.

Hence, the 403(b) and 401(k) are the the retirement vehicles that provide income tax-advantages.

Therefore, the Option A, C is correct.

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A reference value involves a. comparing the costs and benefits of items from one particular manufacturer or distributor. b. products with which a consumer is familiar and items the consumer has not seen or used before.c. items of equal or greater value. d. substitute items.

Answers

Complete Question:

A reference value involves comparing the costs and benefits of?

Answer:

d. substitute items.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

\( Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand} \)

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

Hence, a reference value involves comparing the costs and benefits of items substitute items.

A substitute item can be defined as a product (item) that a consumer sees as an alternative to another product (item) and as such would offer similar benefits or satisfaction to the consumer.

For substitute products (items), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

Mary is deciding whether to book the cheaper flight home from college after her final​ exams, but​ she's unsure when her last exam will be. She thinks there is only a ​%10 chance that the exam will be scheduled after the last day she can get a seat on the cheaper flight. If it is and she has to cancel the​ flight, she will lose ​$150. If she can take the cheaper​ flight, she will save ​$50. ​a) If she books the cheaper​ flight, what can she expect to​ gain, on​ average? ​b) What is the standard​ deviation?

Answers

Answer:

(a) Expected gain = 30

(b) Standard deviation = 66.03

Explanation:

From the question, we are given the following:

Probability of loss = 10%

Loss amount = $150

Probability of Saving = 100% - Probability of loss = 100% - 10% = 90%

Saving amount = $50

Therefore, we proceed as follows:

a) If she books the cheaper​ flight, what can she expect to​ gain, on​ average?

This can be calculated as follows:

Expected gain = (Probability of loss * (-Loss amount)) + (Probability of Saving * Saving amount) = (10% * (-150)) + (90% * 50) = -15 + 45 = 30

b) What is the standard​ deviation?

Standard deviation can be described as a measure of the amount of variation a set of values. This can be calculated from the variance as follows:

Variance = (Probability of loss * (-Loss amount - Expected gain)^2) + (Probability of Saving * (Saving amount - Expected gain)^2) = (10% * (-150 - 50)^2) + (90% * (50 - 30)^2) = (10% * (-200)^2) + (90% * (20)^2) = (10% * 40,000) + (90% * 400) = 4,000 + 360 = 4,360

Standard deviation = Variance^0.5 = 4,360^0.5 = 66.03

in which situation would a savings bond be the best investment to eam interest

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You can use Socratic and it helps just so you don’t have to wait as long

which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)

Answers

The following are some of the reasons why an intermediary might refuse to work with a producer:

-because the producer is unknown to the intermediary

-because the producer is selling a new product

Some of the reasons why an intermediary might refuse to work with a producer

1. Insufficient quantity of products

The intermediary might refuse to work with the producer because the producer is not able to provide enough products to meet the requirements of the intermediary. It could be a case where the producer is unable to fulfill the order in time due to limited production capacity.

2. Poor product Quality

If the product quality is poor, the intermediary will refuse to work with the producer. The intermediary has to maintain a certain standard of quality for the product they sell to the customers. Poor product quality can damage the intermediary's reputation, so they need to make sure that the quality is up to the mark.

3. Poor credit History

The intermediary may not work with the producer if the producer has a poor credit history. The intermediary has to make payments to the producer, and if the producer is not creditworthy, the intermediary may not get the payment on time or may have to face difficulties in the future.

4. Lack of trust

The intermediary might refuse to work with the producer if they do not trust the producer. It could be a case where the intermediary has had a bad experience in the past, or the producer has a bad reputation in the market. The intermediary might not want to take any risks by working with the producer.

5. Insufficient Margins

The intermediary may refuse to work with the producer if the margins offered by the producer are insufficient. The intermediary has to maintain a certain profit margin, and if the producer is not able to provide enough margins, the intermediary may not find it profitable to work with the producer.

Your question is incomplete but most probably your full question was:

Which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)

-because the producer is unknown to the intermediary

-because the producer is selling a new product

-because the intermediary resists vertical integration

-because the intermediary fears that the producer will steal its customer base

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which marketing function involves communicating directly with potential customers to determine their needs?

Answers

Marketing research, which involves collecting and analyzing data about customers and the marketplace.

Which aspect of marketing entails direct interaction with potential clients to learn about their needs?

Market research is the marketing function that involves communicating directly with potential customers to determine their needs. Market research helps marketers collect data on customer preferences and opinions, as well as competitor activity and industry trends.This data helps marketers better understand the customer and the competitive landscape, and provides insight into which strategies will be most effective for reaching and engaging customers.

Market research activities might include conducting surveys, focus groups, interviews, competitor analysis, and more. By gathering data from customers and competitors, marketers can better understand customers’ needs and develop strategies to meet those needs.

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5. discuss the future of property tax exemption in your state in the wake of decisions such as provena. tennessee

Answers

Property tax exemptions are typically granted by state or local governments to certain organizations or individuals to exempt them from paying property taxes on specific properties or for specific purposes.

These exemptions are often granted to entities such as nonprofit organizations, religious institutions, or government entities for activities that serve a public or charitable purpose.

The future of property tax exemptions can be influenced by various factors, including legal decisions, legislative actions, and public opinion. Court decisions, such as the Provena case, can set legal precedents and impact how property tax exemptions are granted or interpreted. In some cases, court rulings may lead to changes in the eligibility criteria for exemptions or stricter scrutiny of the organizations seeking exemption status.

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Ideally, who should provide input in the development of the strategic plan? A. Physicians B. Community leaders. C. Management D. All of these are correct.

Answers

The correct option is D. All of these are correct. Ideally, input in the development of the strategic plan should come from a diverse range of stakeholders, including physicians, community leaders, and management.

Each group brings unique perspectives and insights that can contribute to the formulation of a comprehensive and effective strategic plan.

Physicians play a crucial role in providing input related to medical practices, patient care, and healthcare trends. Their expertise and understanding of clinical operations and patient needs can inform strategic decisions.

Community leaders bring valuable input regarding community needs, expectations, and priorities. Their insights can help align the strategic plan with the specific requirements of the local population and ensure that the organization addresses community health issues effectively.

Management, including executives and administrators, provides input based on their overall organizational knowledge, experience, and understanding of business operations. They contribute insights related to financial considerations, operational efficiency, resource allocation, and long-term organizational goals.

By involving all of these stakeholders, the strategic planning process becomes more inclusive, comprehensive, and reflective of the broader organizational and community context. This collaborative approach enhances the chances of developing a strategic plan that aligns with the organization's mission, meets community needs, and drives success.

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if the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity utilization rate?

Answers

The capacity utilization rate is 75%.

The capacity utilization rate is the ratio of the actual output to the best operating level of a piece of equipment, expressed as a percentage.

In this case, the best operating level of the equipment is 400 units per hour, but the actual output during an hour is 300 units. Therefore, the capacity utilization rate can be calculated as follows:

Capacity utilization rate = (Actual output / Best operating level) x 100%

Capacity utilization rate = (300 / 400) x 100%

Capacity utilization rate = 0.75 x 100%

Capacity utilization rate = 75%

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When price increases, quantity supplied

Answers

Answer:

Why does quantity supplied increase when price increases? With increase in Price, Suppliers will provide a higher Quantity. If the Price is set above the Equilibrium Price, then the Quantity Supplied will be higher than the Quantity Demanded and there will be a surplus which will drive the Price back to the Equilibrium Price.

Explanation:

How would you summarize this specific course section that you have just completed? imagine you are describing it to someone and want to encourage them to take it. business foundation

Answers

You acquire information, abilities, and experience that will benefit you in both your work and general life.

What does it mean that you as a student should be aware of the course's relevance?

All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.

What factors do you consider when choosing the best course for you?

The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.

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Company ABC has three production centers, Barrel, Wick, Assembly, and two service centers ,
Maintenance and General . The following data are available:
a) Supervision costs of $ 8,400 in total is directly traceable to cost centers: $1,050 for
Maintenance, $ 0 to General, $2,750 to Barrel, $2,400 to Wick and $2,200 to Assembly
b) Depreciation of fixed assets of 5,400 in total is directly traceable to cost centers: $750 to
Maintenance, $1,600 to General, $1,650 to Barrel, $ 900 to Wick and $500 to Assembly
c) Direct materials of 13,200 in total directly traceable to cost centers:$ 3,700 to Maintenance
$ 6,400 to General, $ 1,400 to Barrel, $ 1,000 to Wick and $ 700 to Assembly
d) The overall Maintenance cost is allocated to the other centers in the following proportions;
32.7% to General, 40% to Barrel, 18% Wick, 9% to Assembly ( the rest)
e) The overall General cost is allocated to the other centers in the following proportions;
23.47% to Barrel, 26.53% Wick, 50% to Assembly (the rest)
f) The cost driver for the production centers is based upon the direct labour hours , total of
4,000 DLH, having 900 DLH for Barrel, 1,100 DLH for Wick and 2,000 DLH Assembly.
g) A certain batch of pens, Job No. 307, required 10 direct labor hours in the barrel
department, 15 direct labor hours in the wick department, and 35 direct labor hours in the
assembly.
Requirements:
a) Compute the overhead rate to each production center and comment on the results
b) Compute the total overhead cost of Job No. 307 and comment on the results

Answers

The overhead rates for Barrel, Wick, and Assembly are $4.89, $3, and $1.35 per direct labor hour, respectively. The results indicate that Barrel has the highest overhead rate.


The total overhead cost of Job No. 307 is $141.15, with the highest portion allocated to the Barrel department. This implies that Job No. 307 incurs higher overhead costs in the Barrel department compared to Wick and Assembly.

a) To compute the overhead rate for each production center, we need to divide the total overhead cost for each center by the total direct labor hours for that center.

For Barrel, the total overhead cost is $2,750 (supervision) + $1,650 (depreciation) = $4,400. The total direct labor hours for Barrel is 900. Therefore, the overhead rate for Barrel is $4,400 / 900 = $4.89 per direct labor hour.

Similarly, for Wick, the total overhead cost is $2,400 (supervision) + $900 (depreciation) = $3,300. The total direct labor hours for Wick is 1,100. Therefore, the overhead rate for Wick is $3,300 / 1,100 = $3 per direct labor hour.

For Assembly, the total overhead cost is $2,200 (supervision) + $500 (depreciation) = $2,700. The total direct labor hours for Assembly is 2,000. Therefore, the overhead rate for Assembly is $2,700 / 2,000 = $1.35 per direct labor hour.

b) To compute the total overhead cost of Job No. 307, we need to multiply the overhead rate for each production center by the number of direct labor hours required in that center for the job.

In the Barrel department, 10 direct labor hours are required. The overhead cost for Barrel is $4.89 (overhead rate) * 10 (direct labor hours) = $48.90.

In the Wick department, 15 direct labor hours are required. The overhead cost for Wick is $3 (overhead rate) * 15 (direct labor hours) = $45.

In the Assembly department, 35 direct labor hours are required. The overhead cost for Assembly is $1.35 (overhead rate) * 35 (direct labor hours) = $47.25.

Therefore, the total overhead cost of Job No. 307 is $48.90 + $45 + $47.25 = $141.15.

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A share price is currently 463, and over each of the next two 6 month periods it is expected to go up by 15% or down by 12%. The risk free interest rate is 2% per annum. There is a contract V trading on the market which has the payoff 100 if S≤ 400 Vr= f(S) = 500-S if 400 500 0 This contract can be exercised early to receive the payoff f(S) at any time before expiry if the contract is an American style contract. The European style contract can only be exercised at expiry. (i) What is the value of the European style contract with one year left until expiry? (ii) What is the value of the American style contract with one year left until expiry? (Hint: use a two-step binomial tree in both (i) and (ii).)
Previous question

Answers

The value of the European style contract with one year left until expiry is approximately $13.56.The value of the American style contract with one year left until expiry is approximately $11.04.

The initial stock price as S₀ = $463 that over each of the next two 6-month periods, the stock price can either go up by 15% or down by 12%. Thus,  the following possible stock prices at the end of each period:

S₁ (up) = S₀ ×(1 + 0.15) = $532.45

S₁ (down) = S₀ ×(1 - 0.12) = $407.44

Similarly, at the end of the second period:

S₂ (up, up) = S₁ (up) × (1 + 0.15) = $612.32

S₂ (up, down) = S₁ (up) × (1 - 0.12) = $477.22

S₂ (down, up) = S₁ (down) × (1 + 0.15) = $466.61

S₂ (down, down) = S₁ (down) × (1 - 0.12) = $363.48

The probabilities of each stock price movement an up and down movement at each step, risk-neutral probabilities to value the options. The risk-free interest rate is 2% per annum, which corresponds to a risk-free rate of 1% for each 6-month period.

To calculate the risk-neutral probabilities,

p = (1 + r - d) / (u - d)

q = 1 - p

Where:

r = risk-free interest rate per period = 1% = 0.01

u = up movement factor = 1.15

d = down movement factor = 0.88

p = (1 + 0.01 - 0.88) / (1.15 - 0.88) ≈ 0.5463

q = 1 - 0.5463 =0.4537

S₂ (up, up) = $612.32 S₂ (up, down) = $477.22

S₂ (down, up) = $466.61 S₂ (down, down) = $363.48

(i) Valuing the European style contract with one year left until expiry:

The binomial tree, the payoff of the contract and discount it back to the current time using the risk-free interest rate.

At expiry (T = 1 year), the payoff is given by f(S):

f(S₂ (up, up)) = 500 - S₂ (up, up) = $500 - $612.32 = -$112.32

f(S₂ (up, down)) = 500 - S₂ (up, down) = $500 - $477.22 = $22.78

f(S₂ (down, up)) = 500 - S₂ (down, up) = $500 - $466.61 = $33.39

f(S₂ (down, down)) = 500 - S₂ (down, down) = $500 - $363.48 = $136.52

Discount the payoffs back to the current time using the risk-free interest rate:

V₂ (up, up) = f(S₂ (up, up)) × e²(-r ×T) = -$112.32 ×e²(-0.01 × 1) ≈ -$111.20

V₂ (up, down) = f(S₂ (up, down)) ×e²(-r ×T) = $22.78 × e²(-0.01 × 1) ≈ $22.55

V₂ (down, up) = f(S₂ (down, up)) × e²(-r ×T) = $33.39 × e²(-0.01 × 1) =$33.06

V₂ (down, down) = f(S₂ (down, down)) × e²(-r × T) = $136.52 ×e²(-0.01 × 1) =$135.17

The value of the contract at each node by taking the risk-neutral expectation of the discounted payoffs in the next period:

V₁ (up) = p × V₂ (up, up) + q × V₂ (up, down) ≈ 0.5463 × (-$111.20) + 0.4537 × $22.55 = -$56.09

V₁ (down) = p × V₂ (down, up) + q × V₂ (down, down) ≈ 0.5463 × $33.06 + 0.4537 × $135.17 ≈ $88.96

The value of the contract at the current time (t = 0) by taking the risk-neutral expectation of the discounted payoffs in the next period:

V₀ = p × V₁ (up) + q × V₁ (down) ≈ 0.5463 × (-$56.09) + 0.4537 × $88.96 = $13.56

(ii) Valuing the American style contract with one year left until expiry:

To value the American style contract, to compare the value of exercising the contract early to the value of holding it until expiry.

The payoff of exercising the contract early (f(S)) to the expected value of holding the contract (V).

At the final period (T = 1 year), the payoff is the same as in the European style contract:

f(S₂ (up, up)) = -$112.32

f(S₂ (up, down)) = $22.78

f(S₂ (down, up)) = $33.39

f(S₂ (down, down)) = $136.52

calculate the value of the contract at each node by comparing the payoff of early exercise to the expected value of holding the contract:

V₂ (up, up) = max(f(S₂ (up, up)), V₂ (up, up)) = max(-$112.32, -$111.20) = -$111.20

V₂ (up, down) = max(f(S₂ (up, down)), V₂ (up, down)) = max($22.78, $22.55) = $22.78

V₂ (down, up) = max(f(S₂ (down, up)), V₂ (down, up)) = max($33.39, $33.06) = $33.39

V₂ (down, down) = max(f(S₂ (down, down)), V₂ (down, down)) = max($136.52, $135.17) = $136.52

Next, the value of the contract at the first period by taking the risk-neutral expectation of the discounted payoffs in the next period:

V₁ (up) = p × V2 (up, up) + q ×V₂ (up, down) ≈ 0.5463 × (-$111.20) + 0.4537 × $22.78 ≈ -$60.46

V₁ (down) = p × V₂ (down, up) + q × V₂ (down, down) ≈ 0.5463 × $33.39 + 0.4537 ×$136.52 =$84.78

The value of the contract at the current time (t = 0) by taking the risk-neutral expectation of the discounted payoffs in the next period:

V₀ = p × V₁ (up) + q × V₁ (down) = 0.5463 × (-$60.46) + 0.4537 × $84.78 = $11.04

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(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $8,000 a year for the next 7 years (periods 11 through 17) plus an additional amount of $26,000 in the last year (period 15)? Assume an interest rate of 6 percent.

Answers

you would need to deposit approximately $54,355.25 today in order to withdraw $8,000 a year for the next 7 years plus an additional $26,000 in the last year, beginning 11 years from now, assuming an interest rate of 6 percent.

To determine the present value of the cash flows, we need to discount each cash flow back to the present using the interest rate of 6 percent. The cash flows consist of annual withdrawals of $8,000 for 7 years (periods 11 through 17) and an additional amount of $26,000 in the last year (period 15).

Using the formula for the present value of an annuity:

PV = C × [(1 - (1 + r)²(-n)) / r]

Where:

PV = Present value

C = Cash flow per period

r = Interest rate per period

n = Number of periods

Calculating the present value of the annuity:

PV_annuity = $8,000 × [(1 - (1 + 0.06)²(-7)) / 0.06]

PV_annuity ≈ $40,973.49

Calculating the present value of the additional amount:

PV_additional = $26,000 / (1 + 0.06)²15

PV_additional ≈ $13,381.76

Calculating the total present value:

PV_total = PV_annuity + PV_additional

PV_total ≈ $40,973.49 + $13,381.76

PV_total ≈ $54,355.25

Therefore, you would need to deposit approximately $54,355.25 today in order to withdraw $8,000 a year for the next 7 years plus an additional $26,000 in the last year, beginning 11 years from now, assuming an interest rate of 6 percent.

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Click this link to view O*NET’s Work Styles section for Financial Analysts. Note that common work styles are listed toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Financial Analysts? Check all that apply.

attention to detail
hazard tolerance
dependability
dominance
safety
stress tolerance

Answers

Answer:

attention to detaildependabilitystress tolerance

Explanation:

edg2020

Answer:A,C,D,F

explain trust

2. Which of the following holds large quantities of product that are later sent either to retail
locations or directly to customers?
A. Manufacturer
B. Wholesaler
C. Distribution center
D. Retailer

Answers

Answer:

A.

Explanation:

Manufacturer is a person or a registered company that produces finished goods from raw materials and sell to earn profit. The manufacturers sell it's finished products to retailers or wholesalers, who then sell it to customers. Manufacturers can also sell it's product directly to customers to earn profit.

Therefore, the correct answer of the question is option A. It is manufacturers who produces large quantities of finished goods and sell it to retailers and wholesalers and sell it directly to customers.

Thus option A is correct.

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistically competitive firm operate at their efficient scale of production. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost. only a perfectly competitive firm operates at its efficient scale.

Answers

Answer:

Correct Answer:

only a monopolistically competitive firm operates at its efficient scale.

Explanation:

In a given market, a given organization or firm could operate either in a monpolistically competitive or perfectively competitive at its efficient scale. However, in the long run, only a monopolistically competitive firm operates at its efficient scale.

Question text


Computing Issue Price for Zero-Coupon Bonds


Baiman, Inc. Issues $1,000,000 of zero-coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is:



a. 10% per year compounded semiannually.


Round your answers to the nearest dollar.


Present value of principal repayment


Answer




b. 12% per year compounded semiannually.


Round your answers to the nearest dollar.


Present value of principal repayment


Answer




c. If prior to the debt issue at 12%, the firm had total assets of $3. 5 million and total equity of $1 million, what would be the effect of the new borrowing on the financial leverage of the firm?


(Round your answers to two decimal places. )


Financial leverage prior to borrowing


Answer



Financial leverage subsequent to borrowing




Increase (Decrease) in financial leverage




Financial leverage prior to borrowing




Financial leverage subsequent to borrowing





I

Answers

The zero-coupon bond rate based on the information provided, after calculation is $376,889.48

Face value: $1 million

Mature = 10 * 2 = 20 semesters.

Market price = 0.1/2 = 0.05

We must apply the following calculation to get the bond's price:

Bond with no coupons equals [face value/(1+i)]

Bond with no coupon equals [1,000,000 / (1.0520)]

$376,889.48 for a zero-cupon bond

b: Market price = 0.12/2 = 0.06

We must apply the following calculation to get the bond's price:

Bond with no coupons equals [face value/(1+i)]

Bond with no coupon equals [1,000,000 / (1.0620)]

Bond with no coupon = $311,804.72

c Financial Leverage: Equity/Total Assets

If the ratio is large, the corporation has financed the majority of its assets with borrowed money. A ratio of less than 2 indicates that equity is larger in proportion to liabilities and debt than debt capital and, conversely, a ratio of greater than 2 indicates that debt capital and liabilities are greater than equity.

Before issuing debt, total assets were $3.5 million.

Total equity was $1,000,000.

FL: $3,500,000 / $1,000,000 = $3,500,000

Debt capital: $3.5 million less $1 million is $2.5 million.

After the debt issuance, the total value of the assets will be $3.51 million (approximately) plus $0.311805 million.

Debt capital equals: $2.5 million plus $0.311805 million, or approximately $2.8 million.

Equity will stay at $1 million.

FL as of now is: $3.81 million / $1 million =3.811

As a result, Financial Leverage will grow by (3.81-3.5) = 0.31.

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Over the last 100 years, marginal tax rates have been fluctuating constantly. Place the years in order by how high the top marginal rate was at the time. Place the year with the highest rate first.

Answers

1945* 1913" 2012" 1964 I think this is the right answer

owns shares in the touchstone small cap fund that have a current value of $31,300. the fund charges an annual 12b-1 fee of 0.25 percent. what is the amount of the 12b-1 fee ms. ramirez must pay?

Answers

The amount of the 12b-1 fee ms. ramirez must pay is $97.90.

The amount of 12b-1 fee Ms.Ramirez must pay = 12b-1 fee % * Current value of fund = 0.55% * $17800 = $97.90

A fund is a type of financial product that pools money from multiple investors to invest in a variety of assets such as stocks, bonds, real estate, and commodities. The purpose of a fund is to provide investors with access to a diversified portfolio of assets, managed by professional investment managers, that they may not be able to afford or manage on their own.

Funds are generally categorized into different types, such as mutual funds, exchange-traded funds (ETFs), and hedge funds, based on the types of assets they invest in and the level of risk involved. Investors can choose to invest in a fund based on their personal investment goals, risk tolerance, and investment horizon.

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Complete Question: -

Jane Ramirez owns shares in the Touchstone Small Cap fund that have a current value of $17,800. The fund charges an annual 12b-1 fee of 0.55 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.) 12b-1 fee

The required rate of return of Portfolio B is 9.5% and its standard deviation is 12%. If the risk-free rate is 3% and the expected return and standard deviation of Portfolio A are 11% and 17%, what can be said about the price of Portfolio A?

Answers

In terms of the required rate of return, Portfolio A has an expected return of 11%, while Portfolio B has a required rate of return of 9.5%. This suggests that Portfolio A is expected to generate a higher return compared to its required rate of return, indicating it may be priced at a premium.

In terms of risk, Portfolio A has a standard deviation of 17%, while Portfolio B has a standard deviation of 12%. A higher standard deviation implies greater volatility and risk. Therefore, Portfolio A is relatively riskier compared to Portfolio B.

Considering the relationship between risk and return, investors typically require higher returns for taking on higher levels of risk. In this case, Portfolio A offers a higher expected return but also comes with higher risk. The price of Portfolio A would depend on the risk appetite of investors and their assessment of its risk-return tradeoff.

If investors are willing to accept higher risk in pursuit of higher returns, the price of Portfolio A may be relatively higher compared to Portfolio B.

However, if investors prioritize lower risk and are satisfied with the lower return of Portfolio B, the price of Portfolio A may be relatively lower.

Ultimately, the price of Portfolio A would be influenced by the market's perception of its risk and return characteristics and the overall demand for such investments.

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There are many similarities and differences between Platonic and Aristotelian metaphysics. Select the statement about metaphysics with which only Aristotle would agree.

Answers

Answer:

"Option b" would be the right choice.

Explanation:

Throughout the given question, options are not given. Please find attachment of the rest of the options.

Besides Plato, it would've been necessary for research and theory, as well as logic, should "demonstrate" a notion or determine a material's characteristics, whereas Aristotle often favors scientific understanding but rather an observation. Plato claimed in two different perspectives, primarily the real world as well as the globe of shapes, although for Aristotle, the human mind is just once philosophy.Plato seems to be a moral relativist, either the unquantifiable consciousness, as well as the brain, generates exist because it is the individual that recognizes humanoid form.

Other decisions aren't linked to the information stated. So that the response above is appropriate.

There are many similarities and differences between Platonic and Aristotelian metaphysics. Select the

what are three primary reasons for asking others to review and comment on a presentation

Answers

To make sure they are good

Answer: to review content for accuracy, suggest improvements, or document feedback

Explanation:

i just took it

Why a firms oline inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce

Answers

Answer:

E-business is a wider term, it refers to the business conducted online. It not only includes the buying and selling of products, but rather includes all the functions done online, example: maintaining inventory records, maintaining customer data, maintaining payroll, etc:

E-commerce is a kind of subset to e-business. E-commerce shall only refer to buying and selling of products online and do not include adjacent activities. It is of various types, business to business, business to consumer, etc:

When determining that a transaction is commerce it shall be considered as the purpose of such transaction, if the purpose is to buy and sell the product with direct link, it is commerce. Direct link means that the transaction should be for buying and selling and not the adjacent activity to that, maintaining inventory is an adjacent activity and not direct buying or selling thus, it is not business, it is commerce.

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